Power Financial Corp (PWF) Given New C$37.00 Price Target at Scotiabank

Power Financial Corp (TSE:PWF) had its target price lowered by equities researchers at Scotiabank from C$38.00 to C$37.00 in a research note issued on Friday, May 12th. The firm currently has a “sector perform” rating on the financial services provider’s stock. Scotiabank’s price target suggests a potential upside of 11.58% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. Royal Bank Of Canada dropped their target price on Power Financial Corp from C$36.00 to C$35.00 and set a “sector perform” rating on the stock in a research report on Monday, March 27th. Barclays PLC increased their target price on Power Financial Corp from C$32.00 to C$36.00 in a research note on Monday, March 20th. CIBC raised their price objective on Power Financial Corp from C$36.00 to C$37.00 in a research note on Tuesday, February 14th. TD Securities lowered shares of Power Financial Corp from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$41.00 to C$37.00 in a report on Thursday, May 11th. Finally, Desjardins raised their price objective on shares of Power Financial Corp from C$36.00 to C$38.00 in a report on Thursday, March 2nd. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of C$36.14.

Analyst Recommendations for Power Financial Corp (TSE:PWF)

Power Financial Corp (TSE PWF) traded up 1.53% during midday trading on Friday, reaching $33.16. The company had a trading volume of 840,827 shares. The company has a market cap of $23.65 billion and a PE ratio of 11.06. The company’s 50-day moving average is $33.10 and its 200 day moving average is $34.22. Power Financial Corp has a 52-week low of $28.97 and a 52-week high of $36.46.

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In other Power Financial Corp news, insider Arnaud Vial purchased 3,150 shares of the company’s stock in a transaction dated Thursday, May 18th. The shares were acquired at an average price of C$32.05 per share, for a total transaction of C$100,957.50.

Power Financial Corp Company Profile

Power Financial Corp is a Canada-based diversified management and holding company. It has operations in the financial services sector in Canada, the United States and Europe, through its controlling interests in Great- West Lifeco Inc (Lifeco) and IGM Financial Inc (IGM). It operates through three segments: Lifeco, IGM and Pargesa Holding SA (Pargesa).

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